Balentine LLC purchased a new position in shares of AMMO, Inc. (NASDAQ:POWW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,020,000 shares of the company's stock, valued at approximately $17,622,000. AMMO comprises about 0.7% of Balentine LLC's investment portfolio, making the stock its 11th biggest position. Balentine LLC owned about 13.49% of AMMO at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in POWW. SG Americas Securities LLC acquired a new position in shares of AMMO during the 3rd quarter worth about $44,000. Stratos Investment Management LLC acquired a new position in AMMO during the third quarter worth approximately $143,000. Triune Financial Partners LLC bought a new stake in AMMO in the third quarter valued at approximately $29,000. Victory Capital Management Inc. lifted its position in shares of AMMO by 13.3% in the third quarter. Victory Capital Management Inc. now owns 82,356 shares of the company's stock valued at $118,000 after buying an additional 9,649 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of AMMO by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 571,540 shares of the company's stock worth $817,000 after acquiring an additional 29,078 shares during the period. Institutional investors own 26.40% of the company's stock.
AMMO Stock Performance
Shares of POWW stock traded up $0.06 during trading on Friday, reaching $1.83. 441,570 shares of the company's stock were exchanged, compared to its average volume of 1,330,735. The firm's fifty day moving average price is $1.37 and its 200-day moving average price is $1.38. AMMO, Inc. has a twelve month low of $0.95 and a twelve month high of $2.94. The stock has a market capitalization of $216.74 million, a PE ratio of -8.64 and a beta of 0.46. The company has a quick ratio of 1.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.03.
AMMO Profile
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Free Report)
AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.
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